Procurement Specialist, Technology

What you'll do

• Manage technology spend categories such as software, SaaS, hardware, telecom, networking, infrastructure, cloud, labor, and managed services suppliers.
• Creates and manages category strategies, negotiations, RFPs, and contracts
• Creates, negotiates, implements and manages long term contracts while effectively developing and promoting strategic partnerships with suppliers
• Works closely with internal Morningstar clients and stakeholders to understand their business needs, objectives, product/service requirements and the broader operational processes
• Effectively communicates with appropriate management levels both internally and externally
• Identifies opportunities for improvement and makes constructive suggestions for change
• Manage the full supplier lifecycle, including sourcing, procurement, negotiations, contract management, and supplier performance evaluation.
• Develop, implement, and track comprehensive category strategies grounded in deep market analysis and aligned with company and stakeholder priorities; deliver measurable year-over-year cost reductions and working capital improvements.
• Conduct supplier spend, forecasting, and consumption analytics in partnership with Finance to identify sourcing optimization opportunities, contract consolidation opportunities, and measurable cost savings initiatives.
• Research and interpret the technology marketplace to understand supplier and market characteristics, identify sourcing trends, and uncover new opportunities for value creation.
• Lead Quarterly Business Reviews focused on SLAs to drive supplier accountability, proactively identify improvement opportunities, and monitor progress throughout the contractual period.
• Manage supplier performance by addressing conflict resolution, escalation, and resolution procedures promptly and effectively, ensuring issues are resolved and continuous improvement is maintained.
• Partner with Legal and Sourcing/Procurement teams throughout the supplier lifecycle to ensure robust contract operations and governance.
• Build strong partnerships and engagement with both existing and new strategic suppliers to enable high-quality, efficient support for internal stakeholders and business units.
• Champion continuous improvement initiatives to enhance quality, efficiency, and cost savings across all sourcing activities.

Minimum Qualifications- Education & Prior Job Experience

• Bachelor's degree in relevant field
• 3+ years related work experience in Supply Chain, Finance, Economics, Business Administration, Computer Science, Information Systems Management, or another related field

Preferred Qualifications- Education & Prior Job Experience

• Degree in Procurement, Supply Chain, Business Administration, Business Management, Finance, Accounting, or another related field
• 5+ years related work experience in Technology Procurement, Technology role or another related field
• Knowledge of Source to Pay systems, such as Coupa
• Strong project management and procurement workflow management skills across Source-to-Pay platforms such as ServiceNow and Coupa
• Supplier Risk Analysis and Supplier Relationship Management

Skills, Licenses & Certifications

• Skilled in Microsoft Office (e.g. Word, Excel, PowerPoint)
• A potential team leader with strong communication skills
• Understanding of supply chain concepts, with work experience applying those concepts
• Strong negotiating and influencing skills
• Self-directed and resourceful with the ability to handle multiple, simultaneous tasks with exhibited follow through and initiative
• Strong business and financial acumen, including project management, total cost management, budgeting, forecasting, savings realization, and supplier financial analysis
• Experience leveraging reporting and analytical tools to support forecasting, procurement operations, supplier performance management, and continuous process improvement
• Previous experience with Source to Pay systems, such as Coupa
• Advanced Excel skills, including spend analysis, forecasting, budgeting support, savings tracking, and supplier financial analysis
• High ethical standard

Compensation and Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That's why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

• Financial Health
  
  • 100% 401k match up to 6% of salary
  • Stock Ownership Potential
  • Company provided life insurance - 1x salary + commission
• Physical Health
  
  • Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
  • Additional medical Wellness Incentives - up to $300-$600 annual
  • Company-provided long- and short-term disability insurance
• Emotional Health
  
  • Trust-Based Time Off
  • 6-week Paid Sabbatical Program
  • 6-Week Paid Family Caregiving Leave
  • Competitive 8-24 Week Paid Parental Leave
  • Adoption Assistance
  • Leadership Coaching & Formal Mentorship Opportunities
  • Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
  • Tuition Reimbursement
• Social Health
  
  • Charitable Matching Gifts program
  • Dollars for Doers volunteer program
  • Paid volunteering days
  • 15+ Employee Resource & Affinity Groups

Total Cash Compensation Range
$74,325.00-109,008.33
Inclusive of annual base salary and target incentive

Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

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